Spotlight NEX 3: The next status symbol of power and luxurious technology Like designer bags, Swiss watches, and bespoke suits, smartphones have become not just a necessity, but a symbol of sophistication, especially among individuals who…"How PSEi member stocks performed — November 19, 2019"
MULTISYS Technologies Corp. President, CEO and founder David Almirol, Jr. (second from left) shakes hands with MyEG Philippines Chairman Enrique Gonzalez (third from left) after signing a partnership deal. Also in photo are (from left) Multisys Executive Vice-President Kathlynn Mila, MyEG Philippines President Ronald Aquino, and MyEG Philippines Chief Advisor Paolo Martel. FINANCIAL technology solutions provider MyEG Philippines tapped Multisys Technologies Corp. as its preferred Philippine technology partner to serve companies and government agencies with…"MyEG Philippines partners with Multisys Technologies"
MAX’S GROUP, Inc. (MGI) and one of its subsidiaries are tapping loan facilities of the Development Bank of the Philippines (DBP) to raise a combined amount of P2 billion. The listed casual dining firm told the stock exchange yesterday it signed a P1-billion five-year loan agreement with DBP. The cash to be generated will be used to fund “existing short-term loans to mitigate financing costs and to fund general corporate requirements.” Its wholly-owned subsidiary, No…"Max’s Group, subsidiary sign DBP loan agreements"
AFFORDABLE housing developer PHirst Park Homes, Inc. (PPHI) aims to generate around P3.5 billion from two residential projects to be launched in Laguna and Batangas before the end of 2019. “We are launching two more projects before the end of the year in line with our goal of rolling out 33,000 homes by 2023. With the consistently strong market demand PHirst Park Homes continues to be bullish in expanding its footprint in key growth centers…"PHirst to launch 2 projects in Laguna, Batangas"
AYALA-LED AC Energy Philippines, Inc. said on Tuesday that its board of directors had approved the company’s investment in a 60-megawatt (MW) solar power plant project in Palauig, Zambales. The solar power plant will be constructed through the company’s unit AC Energy Development, Inc., it told the stock exchange in an update of its earlier disclosure when AC Energy Philippines’ board approved the acquisition of a bigger stake in solar farms in the Visayas. On…"AC Energy to invest in Zambales solar power plant"
THE Securities and Exchange Commission (SEC) is warning the public against a new investing scheme that operates under the guise of free training seminars on financial derivatives to lure people into buying securities. In an advisory posted on its website last week, the country’s corporate regulator said it is now studying the spread of such training seminars -often claiming to provide information on trading in foreign exchange, commodity futures contracts and contracts for difference —…"SEC warns public vs free ‘financial training’ seminars"
DEL MONTE Pacific Ltd. said its US subsidiary is improving its capacity utilization, as it has sold or in the process of selling assets of four US-based production facilities. The listed canned fruit manufacturer told the stock exchange yesterday US subsidiary Del Monte Foods, Inc. (DMFI) sold and transferred its Cambria, Wisconsin operations to Seneca Foods Corp. on Nov. 1. It also disposed of equipment at its Crystal City, Texas facility and is looking at…"Del Monte unit starts selling US facilities"
PARK INN by Radisson North EDSA in Quezon City opened this year. — DENISE A. VALDEZ By Denise A. Valdez, Reporter THE Philippines continues to be an important market for the Radisson Hotel Group, which is in the midst of a five-year plan to triple its footprint in Asia Pacific. Andre De Jong, Radisson Hotel Group Vice-President for Operations in Southeast Asia & Pacific, said in a media briefing in Quezon City Tuesday the Philippines…"Philippines is Radisson Hotels’ 3rd biggest market in Asia-Pacific"
THE Yuchengcos’ energy arm PetroEnergy Resources Corp. said on Tuesday that its renewable energy unit had been awarded by the Energy department a service contract for a wind farm in San Vicente, Palawan. In a disclosure, it said the subsidiary PetroGreen Energy Corp. received the wind energy service contract from the Department of Energy (DoE) on Nov. 11, 2019 for a proposed project in the fast-growing tourism municipality around 130 kilometers north of Puerto Princesa…"PetroEnergy’s Palawan wind farm gets go-signal from DoE"
VISTA LAND & Lifescapes, Inc. (VLL) is partnering with Japanese real estate developer Mitsubishi Estate Co., Ltd. to develop a mixed-use condominium in Taft Avenue, Manila. The Villar-led homebuilder said in a statement yesterday it signed an agreement with Mitsubishi Estate to form a 60-40 joint venture for the project. The deal involves VLL’s vertical development arm Vista Residences, Inc. and Mitsubishi Estate’s subsidiary Mitsubishi Estate Residence Co., Ltd. The joint venture company will build…"VLL partners with Mitsubishi to develop Manila condominium"